Report
Svetlana Sukhanova

Яндекс - Бизнес такси определяет результаты за 3К18

Результаты Яндекса за 3К18 превысили прогнозы аналитиков на 6% в части выручки и на 18% - на уровне EBITDA. Хорошие показатели бизнеса такси внесли наибольший вклад в превышение ожиданий и стали большим сюрпризом. Компания сообщила, что чистый бизнес такси уже приносит прибыль в России и СНГ. Исключая деконсолидированный Яндекс.Маркет, выручка увеличилась на 45%, а скорректированная EBITDA - почти вдвое. Яндекс повысил прогноз роста выручки за весь 2018 год до 35-38%. Мы рекомендуем ПОКУПАТЬ его акции, оценивая их целевую цену в $50,90 за акцию.
Underlying
Yandex NV Class A

Yandex is an internet and technology company that operates an internet search engine in Russia. Co. builds intelligent products and services powered by machine learning. Co.'s products and services are based on complex, unique technologies that are not easily replicated. Co. generates substantially all of its revenues from online advertising. Co. also generates revenues from its e-commerce offerings, classifieds and e-hailing service. Co.'s businesses are organized in the following operating segments: Search and Portal; E-commerce; Taxi; Classifieds and Experimental businesses.

Provider
Sberbank
Sberbank

​Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.

Analysts
Svetlana Sukhanova

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